Equitable Holdings, Inc. (NYSE:EQH) Shares Bought by LRI Investments LLC

LRI Investments LLC increased its stake in Equitable Holdings, Inc. (NYSE:EQH) by 892.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,112 shares of the company’s stock after acquiring an additional 1,000 shares during the period. LRI Investments LLC’s holdings in Equitable were worth $45,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. &PARTNERS boosted its holdings in shares of Equitable by 0.7% in the 2nd quarter. &PARTNERS now owns 34,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 254 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Equitable in the second quarter valued at $613,000. Fifth Third Wealth Advisors LLC purchased a new stake in Equitable during the second quarter valued at about $391,000. Fifth Third Bancorp increased its stake in Equitable by 11.6% during the second quarter. Fifth Third Bancorp now owns 4,615 shares of the company’s stock worth $189,000 after acquiring an additional 479 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Equitable by 117.3% during the second quarter. Raymond James & Associates now owns 246,215 shares of the company’s stock worth $10,060,000 after acquiring an additional 132,922 shares during the last quarter. 92.70% of the stock is currently owned by hedge funds and other institutional investors.

Equitable Trading Up 2.7 %

EQH stock traded up $1.10 during trading on Friday, reaching $41.62. The stock had a trading volume of 1,705,750 shares, compared to its average volume of 2,593,565. The firm has a fifty day moving average price of $40.86 and a 200 day moving average price of $38.50. The company has a market capitalization of $13.54 billion, a P/E ratio of 12.89 and a beta of 1.43. Equitable Holdings, Inc. has a 1-year low of $24.65 and a 1-year high of $44.50.

Equitable (NYSE:EQH) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.40 by $0.03. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $1.17 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. Sell-side analysts predict that Equitable Holdings, Inc. will post 6.05 EPS for the current year.

Equitable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Tuesday, August 6th. Equitable’s payout ratio is currently 29.72%.

Insider Buying and Selling

In other Equitable news, COO Jeffrey J. Hurd sold 9,969 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $43.09, for a total transaction of $429,564.21. Following the transaction, the chief operating officer now directly owns 111,552 shares in the company, valued at approximately $4,806,775.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Equitable from $36.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Citigroup increased their price objective on shares of Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company reduced their target price on shares of Equitable from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Truist Financial increased their price target on Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.09.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.